It is not a stupid move, it is more a move by desperate people trying to maintain the existing financial system by modernizing it through digitalisation. Each country will sooner or later have its own digital version of fiat, and the Chinese are closest to that after conducting very extensive testing last year - while the digital Euro will probably wait another few years.

There is no doubt that people will still use the CBDC because governments will completely eliminate the classic method of payment - just as they use existing methods of payment today. Bitcoin is just one alternative, but globally it is not used by even 1% of people so far - because they do not understand it, and governments suggest that it is something bad and risky.

State money will always be state money, and most people are too afraid of the government and its mechanisms to simply say - "We don't want you CBDC, we want BTC".